Investing in U.S. stocks from Singapore through Tiger Brokers offers a range of features designed to enhance trading efficiency and flexibility. One important aspect to consider is the use of attached orders, which can help investors manage their trades effectively. This blog will explore the nuances of attached orders and their availability during different trading sessions.
What are the Attached Orders?
Attached orders are conditional orders that automatically execute a trade based on specific criteria set by the investor. These orders can help manage risk and optimize trading strategies by automatically executing trades when certain conditions are met.
Types of Attached Orders
- Take-Profit Orders: These orders are designed to automatically sell a stock once it reaches a specified price, securing profits without requiring constant monitoring.
- Stop-Loss Orders: These orders are used to limit potential losses by automatically selling a stock if its price falls below a certain level.
- Stop-Loss Limit Orders: Similar to stop-loss orders, they specify a limit price for the sale, giving more control over the exit price.
Placing Attached Orders with Tiger Brokers
Overnight Orders
When placing Overnight orders, attached orders are not supported. This means that investors cannot set conditions for take-profit or stop-loss during this trading session. As such, traders need to monitor their positions more closely and manually execute trades based on market movements.
24-Hour Trading Orders
In contrast, when placing 24-Hour trading orders, attached orders are fully supported, offering greater flexibility and risk management. Here’s how they work:
– Take-Profit Attached Orders: These orders can be triggered and executed during the full 24-hour trading session, allowing investors to secure profits at any time.
– Stop-Loss Limit Attached Orders: These can be triggered during market hours and executed during the 24-hour trading session. This feature allows traders to set limits on their losses while still taking advantage of the extended trading hours.
– Stop-Loss Attached Orders: These are only supported for triggering and trading during market hours. This means that while you can set a stop-loss to protect your investment, the execution will be limited to regular trading hours.
Conclusion
Understanding the functionality of attached orders is crucial for Singaporean investors using Tiger Brokers to buy U.S. stocks. While attached orders are not supported during Overnight orders, they play a significant role in 24-Hour trading, providing valuable tools for managing risk and optimizing trading strategies.
By utilizing take-profit and stop-loss orders effectively, investors can navigate the complexities of the U.S. stock market with greater confidence. As you explore trading options with Tiger Brokers, be sure to leverage these features to enhance your investment experience and protect your portfolio.
